The Pill Club Pharmacy Holdings, LLC – Womens’ Tele-Health Business Files for...
[Just filed. Developing story.] April 18, 2023 – The Pill Club Pharmacy Holdings, LLC and seven affiliated debtors (together “Pill Club*” or the “Debtors”) filed for Chapter 11 protection with the...
View ArticlePenta State LLC – As Agreed at April 14th Hearing, and Absent Stipulation...
April 18, 2023 – The Court hearing the Penta State cases has issued an order converting the Debtors Chapter 11 case into a case under Chapter 7 [Docket No. 159]. The order notes, “Pursuant to the...
View ArticleDavid’s Bridal, LLC – Court Approves Bidding Procedures as Part of “Dual...
April 19, 2023 – In furtherance of one path in what is a nuanced “dual path” sale process, the Court hearing the David’s Bridal cases issued an order: (i) approving bidding procedures in relation to a...
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Beverly Community Hospital Association – Montebello, CA Not-for-Profit...
April 19, 2023 – Beverly Community Hospital Association and two affiliated debtors (dba Beverly Hospital together “Beverly Hospital” or the “Debtors”) filed for Chapter 11 protection with the U.S....
View ArticleTuesday Morning Corporation – Names Hilco Merchant Resources as Successful...
April 20, 2023 – Further to a March 20th bidding procedures order (as amended) and an auction held on April 19th-20th, the Debtors notified the Court that they had selected Hilco Merchant Resources,...
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MTPC, LLC – Court Approves $9.1mn (Cash) Sale of Debtor’s PCPT Hamlin Assets...
April 20, 2023 – Further to the Court’s revised bidding procedures order of October 6th [Docket No. 1287] and an April 18th sale hearing, the Court hearing the MTPC cases issued an order approving the...
View ArticleBed Bath & Beyond Inc. – Omnichannel Retailer Files for Bankruptcy with...
[Just filed. Developing story.] April 23, 2023 – Bed Bath & Beyond Inc. and 73 affiliate debtors (Nasdaq: BBBY, “BBB“ or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy...
View ArticleBed Bath & Beyond Inc. – As Part of Dual Path Approach, Omnichannel Retailer...
April 23, 2023 – The Debtors filed a motion requesting each of a bidding procedures order and a sale order [Docket No. 29]. The bidding procedures order would: (i) approve bidding procedures in...
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Bed Bath & Beyond Inc. – Seeks Court Authority to Continue Engagement of...
April 23, 2023 – The Debtors filed a motion requesting Court authority to: (i) assume a pair of consultancy agreements with Hilco Merchant Resources, LLC (“Hilco” or the “Consultant”), (ii) conduct...
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SiO2 Medical Products, Inc. – Creditors’ Committee Objects to Bidding...
April 21, 2023 – The Debtors’ Official Committee of Unsecured Creditors (the “Committee”) has filed a pair of objections taking issue with numerous aspects of the Debtors’ proposed bidding procedures...
View ArticleBed Bath & Beyond Inc. – Court Approves Expedited “Last, Best, Going Concern...
April 25, 2023 – The Court hearing the Bed Bath & Beyond cases issued an order: (i) approving bidding procedures in relation to the sale of the substantially all or any portion of the Debtors’...
View ArticleCash Cloud Inc. – Ahead of the Bidding Procedures Hearing, Designates...
April 25, 2023 – In advance of an April 26th bidding procedures hearing, the Debtor has filed a notice designating RockitCoin, LLC* as stalking horse (the “Stalking Horse,” $16.75mn opening cash bid)...
View ArticleFTX Trading Ltd – In What is a Reunion of Sorts, Debtors Cancel Auction and...
April 25, 2023 – Further to a January 12th bidding procedures order [Docket No. 487], the Debtors notified the Court that they had canceled an auction scheduled for April 26th and designated M 7...
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SiO2 Medical Products, Inc. – In Win for Creditors’ Committee, Revised...
April 25, 2023 – Following a full-throated April 21st objection from the Debtors’ Official Committee of Unsecured Creditors (the “Committee”) [Docket No. 158] and the Debtors' April 24th response [in...
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Tritek International Inc. – U.S. Subsidiaries of Canadian Pork Leader HyLife...
[Just filed. Developing story] April 27, 2023 – Tritek International Inc. and two affiliated debtors (the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
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ESCO, Ltd. – Court Issues Final Store Closing Order for Debtor’s 39 Remaining...
April 27, 2023 – The Court hearing the ESCO, Ltd. cases issued a final order authorizing the Debtors to: (i) assume a consultancy agreement with Gordon Brothers Retail Partners, LLC (the ‘Store Closing...
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Kalera, Inc. – Vertical Farming Specialist Gets Authority for a Further $1mn...
April 27, 2023 – The Court hearing the Kalera case issued a second interim debtor-in-possession (“DIP”) financing order authorizing the Debtor to: (i) access a further $1.0mn in new money, DIP...
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DeCurtis Holdings LLC – Cruise “Experience” Specialist Files for Chapter 11...
April 30, 2023 – Privately-held DeCurtis Holdings LLC and one affiliated debtor (together “DeCurtis” or the “Debtors”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of...
View ArticleVirgin Orbit Holdings Inc. – Court Approves Bidding Procedures for Expedited...
May 1, 2023 – The Court hearing the Virgin Orbit Holdings cases issued an order: (i) approving bidding procedures in relation to the sale of substantially all of the Debtor’s assets, (ii) authorizing...
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DeCurtis Holdings LLC – Cruise “Experience” Specialist, Seeks $6.5mn ($2mn...
May 1, 2023 – The Debtors requested Court authority to: (i) access $6.5mn in new money, debtor-in-possession (“DIP”) financing, including $2.0mn on an interim basis to be provided by Invictus Global...
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